1st Source Bank in South Bend, Indiana (IN), MI
Overview, Financial Summary, Detailed Financial Reports, Branches


  • 1st Source Bank in South Bend, Indiana (IN), MI
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1st Source Bank routing number info

1st Source Bank - Overview

  • General
  • FDIC Certificate #: 9087
    Status: Active
    Federal Reserve ID: 991340
    Bank Holding Company (Regulatory Top Holder): 1st Source Corporation (RSSDID: 1199602, Location: South Bend, IN)
    Date Established: January 01, 1922
    WWW: http://www.1stsource.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 79 (Domestic: 79, Interstate: Yes)
    OTS Docket #: 10250
    FDIC's unique #: 5818
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 07, 2008
    Last Structure Change Process Date: June 16, 2008
    Last Data Update: June 16, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North Michigan Street, South Bend, IN 46601
    County: St Joseph
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): South Bend, IN (#7800)
    Combined Statistical Area (CSA): South Bend-Elkhart-Mishawaka, IN-MI (#515)
    Core Based Statistical Area (CBSA): South Bend-Mishawaka, IN-MI (#43780)
    CBSA Metro Statistical Area: South Bend-Mishawaka, IN-MI (#43780)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Corrections
  • Financial Summary
  • Total assets: $4,361.6 mil
    Equity capital: $599.0 mil
    Deposits held in domestic offices: $3,520.6 mil
    Return on assets (ROA): 1.21% ($52.8 mil)
    Quarterly return on assets: 1.14% ($49.7 mil)
    Return on Equity (ROE): 9.03% ($54.1 mil)
    Quarterly return on equity: 8.26% ($49.5 mil)
    Net income: $52.7 mil
    Quarterly Net income: $12.3 mil
    Pretax return on assets: 1.85% ($80,690.2 mil)
    Quarterly Pretax return on assets: 1.76% ($76,764.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 1,163Total employees (full-time equivalent)
  • $4,361,631Total assets
  • $115,227Cash and due from depository institutions
  • $53,821Interest-bearing balances
  • $878,724Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,022,143Net loans & leases
  • $81,644Loan loss allowance
  • $18,845Trading account assets
  • $38,547Bank premises and fixed assets
  • $8,755Other real estate owned
  • $92,348Goodwill and other intangibles
  • $4,361,631Life insurance assets
  • $187,042All other assets
  • $3,762,619Total liabilities and capital
  • $3,520,646Total liabilities
  • $2,940,541Total deposits
  • $3,520,646Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 131405.00%% insured (estimated)
  • $19,294Federal funds purchased & repurchase agreements
  • $36,581Trading liabilities
  • $0Other borrowed funds
  • $54,693Subordinated debt
  • $599,012All other liabilities
  • $599,012Total equity capital
  • $599,012Total bank equity capital
  • $0Perpetual preferred stock
  • $2,818Common stock
  • $273,489Surplus
  • $322,705Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $12,644Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $67,565Income earned, not collected on loans
  • $13,713Earning assets
  • $13,620Long-term assets (5+ years)
  • $3,954,688Average Assets, year-to-date
  • $701,430Average Assets, quarterly
  • $4,365,665Volatile liabilities
  • $4,327,954Insider loans
  • $3,305,989FHLB advances
  • $4,295,289Loans and leases held for sale
  • $54,729Unused loan commitments
  • $38,571Tier 1 (core) risk-based capital
  • $494,882Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $16,158Total unused commitments
  • $546,872Restructured Loans and leases
  • $26,788Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $187,454Total interest income
  • $31,572Total interest expense
  • $155,882Net interest income
  • $3,129Provision for loan and lease losses
  • $79,301Total noninterest income
  • $16,327Fiduciary activities
  • $18,489Service charges on deposit accounts
  • $3Trading account gains & fees
  • $44,482Additional noninterest income
  • $152,801Total noninterest expense
  • $76,887Salaries and employee benefits
  • $13,938Premises and equipment expense
  • $61,976Additional noninterest expense
  • $79,253Pre-tax net operating income
  • $1,377Securities gains (losses)
  • $27,966Applicable income taxes
  • $52,664Income before extraordinary items
  • $0Extraordinary gains - net
  • $52,664Net income attributable to bank
  • $0Net charge-offs
  • $52,664Cash dividends
  • $8,359Sale, conversion, retirement of capital stock, net
  • $28,175Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 3.94%Net interest margin
  • 2.00%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 9.03%Return on equity (ROE)
  • 4.20%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 37.43%Credit loss provision to net charge-offs
  • 9.86%Efficiency ratio
  • 64,418Assets per employee
  • 3.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.50%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 120.84%Noncurrent assets plus other real estate owned to assets
  • 1.75%Noncurrent loans to loans
  • 2.18%Net loans and leases to deposits
  • 85.84%Net loans and leases to core deposits
  • 92.65%Equity capital to assets
  • 13.73%Core capital (leverage) ratio
  • 11.52%Tier 1 risk-based capital ratio
  • 14.97%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $4,365,665Average earning assets
  • $583,056Average equity
  • $3,958,294Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $3,186,052Managed Assets
  • 1Number of Accounts
  • $2,238,463Personal trust and agency accounts
  • $863,017Employee benefit-defined contribution accounts
  • $41,358Employee benefit-defined benefit accounts
  • $56,599Other retirement accounts
  • $254,220Corporate trust and agency accounts
  • $811Investment management agency accounts
  • $923,450Other fiduciary accounts
  • $83,919Fiduciary accounts held in foreign offices
  • $15,089Non-managed Assets
  • 3904Number of Accounts
  • $0Personal trust and agency accounts
  • $247,419Employee benefit-defined contribution accounts
  • $182,616Employee benefit-defined benefit accounts
  • $947,589Other retirement accounts
  • $32,760Corporate trust and agency accounts
  • $504,644Other fiduciary accounts
  • $32,048Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2002)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $388,712Commercial and industrial loans

List of branches

  • 71 Indiana Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    058181st Source Bank100 North Michigan Street, South Bend, IN 46601January 01, 1922Full Service Brick and Mortar
    2219404Maple Lane Branch2230 South Bend Avenue, South Bend, IN 46635March 30, 1954Full Service Brick and Mortar
    5219407River Park Branch2602 Mishawaka Avenue, South Bend, IN 46615July 13, 1946Full Service Brick and Mortar
    6219408Roseland Branch52990 State Road 933, South Bend, IN 46637October 27, 1960Full Service Brick and Mortar
    8219410Ewing Avenue Branch2323 South Michigan Street, South Bend, IN 46614April 20, 1951Full Service Brick and Mortar
    9219411Western Avenue Branch4505 West Western Avenue, South Bend, IN 46619January 23, 1957Full Service Brick and Mortar
    11219413Airport Branch4105 Lincoln Way West, South Bend, IN 46628September 10, 1973Full Service Brick and Mortar
    12219414Granger Branch12460 State Road 23, Granger, IN 46530August 16, 1976Full Service Brick and Mortar
    17219418New Carlisle Branch848 West Michigan Street, New Carlisle, IN 46552December 20, 1978Full Service Brick and Mortar
    18219419Ireland Road Branch2060 East Ireland Road, South Bend, IN 46614October 06, 1980Full Service Brick and Mortar
    212869Mishawaka Branch101 Lincolnway East, Mishawaka, IN 46544January 01, 1800Full Service Brick and Mortar
    23203464Mckinley Avenue Branch405 East Mckinley Avenue, Mishawaka, IN 46545October 28, 1963Full Service Brick and Mortar
    24203465Osceola Branch4720 Lincolnway East, Mishawaka, IN 46544November 21, 1949Full Service Brick and Mortar
    27219422St. Mary's College BranchHaggar College Center, Notre Dame, IN 46556September 08, 1983Full Service Brick and Mortar
    29228976Bremen Branch1409 West Plymouth Street, Bremen, IN 46506August 16, 1974Full Service Brick and Mortar
    303936Plymouth Main Branch315 North Michigan Street, Plymouth, IN 46563September 19, 1907Full Service Brick and Mortar
    31208132Argos Branch518 North Michigan Street, Argos, IN 46501September 30, 1974Full Service Brick and Mortar
    32208133Drive-In Facility312 North Center Street, Plymouth, IN 46563September 24, 1980Limited Service Facility
    3310173North Liberty Branch109 North Main Street, North Liberty, IN 46554May 01, 1943Full Service Brick and Mortar
    34219423Elkhart-Franklin Street Branch131 East Franklin Street, Elkhart, IN 46516April 01, 1987Full Service Brick and Mortar
    35219424Bank Mart Branch6909 North Grape Road, Mishawaka, IN 46545November 15, 1989Full Service Brick and Mortar
    38221875Walkerton Branch411 Illinois Street, Walkerton, IN 46574July 01, 1932Full Service Brick and Mortar
    40221877La Porte Boyd Branch1100 East Boyd Boulevard, La Porte, IN 46350July 27, 1987Full Service Brick and Mortar
    41219426Lapaz Branch201 South Michigan St, Lapaz, IN 46537December 31, 1991Full Service Brick and Mortar
    42219427Elkhart-Bristol Street Branch2020 East Bristol Street, Elkhart, IN 46514August 05, 1992Full Service Brick and Mortar
    43219428Drive-In Plaza South Bend Branch225 North Main Street, South Bend, IN 46601December 12, 1990Limited Service Facility
    46219431Goshen Branch101 South Main Street, Goshen, IN 46526January 03, 1994Full Service Brick and Mortar
    47219432Warsaw Branch120 South Lake Street, Warsaw, IN 46580September 01, 1994Full Service Brick and Mortar
    49231131Knox Branch1620 South U.S. 35, Knox, IN 46534Febuary 01, 1975Full Service Brick and Mortar
    50219433Willowcreek Branch3395 Willowcreek Road, Portage, IN 46368July 10, 1995Full Service Brick and Mortar
    51219434Elkhart-West Branch1751 West Lexington Avenue, Elkhart, IN 46514March 25, 1996Full Service Brick and Mortar
    54219437Chesterton North Branch800 Indian Boundary Road, Chesterton, IN 46304May 09, 1996Full Service Brick and Mortar
    55219438Dunlap Branch4594 Elkhart Rd., Elkhart, IN 46517May 13, 1996Full Service Brick and Mortar
    56219439Nappanee Branch1409 East Market Street, Nappanee, IN 46550October 21, 1996Full Service Brick and Mortar
    59219442Middlebury Branch801 West Wayne St, Middlebury, IN 46540August 11, 1997Full Service Brick and Mortar
    61219444Portage Avenue Branch3655 Portage Avenue, South Bend, IN 46628November 25, 1996Full Service Brick and Mortar
    62219445Direct Banking Department1stsource.Com/1stsource, Mishawaka, IN 46544Febuary 05, 1996Full Service Cyber
    64219447Michigan City Marquette Branch3905 Franklin Street, Michigan City, IN 46360December 15, 1997Full Service Brick and Mortar
    67219450Winamac Branch100 West Main Street, Winamac, IN 46996March 09, 1998Full Service Brick and Mortar
    69219452Warsaw East Branch2804 E Center St, Warsaw, IN 46580Febuary 01, 1999Full Service Brick and Mortar
    72263022Ft Wayne Downtown Branch200 East Main Street, Fort Wayne, IN 46802January 01, 1890Full Service Brick and Mortar
    73263023North Anthony Branch3602 North Anthony Boulevard, Fort Wayne, IN 46805January 01, 1890Full Service Brick and Mortar
    74263024East State Branch6506 East State Boulevard, Fort Wayne, IN 46815January 01, 1890Full Service Brick and Mortar
    75263025Covington Plaza Branch6304 West Jefferson Boulevard, Fort Wayne, IN 46804January 01, 1890Full Service Brick and Mortar
    76263026Bluffton Branch124 South Main Street, Bluffton, IN 46714January 01, 1890Full Service Brick and Mortar
    78263028Huntington Branch1959 North Jefferson Street, Huntington, IN 46750January 01, 1890Full Service Brick and Mortar
    8044391Waynedale Branch5719 Bluffton Road, Fort Wayne, IN 46809July 08, 1968Full Service Brick and Mortar
    81263030New Haven Branch134 Lincoln Highway, West, New Haven, IN 46774January 01, 1890Full Service Brick and Mortar
    83263054Columbia City Walmart Branch404 West Plaza Drive, Columbia City, IN 46725December 08, 1997Full Service Retail
    84359069Dupont Village Branch10633 Coldwater Road, Fort Wayne, IN 46845November 15, 1999Full Service Brick and Mortar
    91364148Rochester Branch516 Main Street, Rochester, IN 46975June 14, 2002Full Service Brick and Mortar
    92428104Erskine Martins Branch926 Erskine Plaza, South Bend, IN 46614April 06, 2004Full Service Retail
    94443290Granger Martins Branch12850 State Rd 23, Granger, IN 46530April 04, 2005Full Service Retail
    96450404Elkhart North Martins120 Sanford School Road East, Elkhart, IN 46514March 06, 2006Full Service Retail
    97456481Gumwood-Martins Branch7355 Heritage Square Drive, Granger, IN 46530October 26, 2006Full Service Retail
    98464861Lafayette Downtown Branch133 North 4th Street, Lafayette, IN 47901June 04, 2007Full Service Brick and Mortar
    99464862North 4th Street Branch401 North 4th Street, Lafayette, IN 47902June 04, 2007Limited Service Facility
    1015126Valparaiso Downtown Branch14 Indiana Avenue, Valparaiso, IN 46383November 06, 1889Full Service Brick and Mortar
    102217787Portage Central Branch6043 Central Avenue, Portage, IN 46368December 16, 1960Full Service Brick and Mortar
    103217788Valparaiso East Branch1806 East Lincolnway, Valparaiso, IN 46383January 07, 1970Full Service Brick and Mortar
    1045816Hebron Branch111 West Sigler Street, Hebron, IN 46341January 01, 1889Full Service Brick and Mortar
    105217789Chesterton South Branch1500 South Calumet Road, Chesterton, IN 46304May 24, 1976Full Service Brick and Mortar
    106217790Calumet North Branch2700 Calumet Avenue, Valparaiso, IN 46383July 15, 1977Full Service Brick and Mortar
    107217791Kouts Branch221 South Main Street, Kouts, IN 46347Febuary 23, 1978Full Service Brick and Mortar
    108217792Valpariaso West Branch2356 W Morthland Drive, Valparaiso, IN 46385December 18, 1978Full Service Brick and Mortar
    109217793Costas Foods Branch2800 North Calumet Avenue, Valparaiso, IN 46383January 01, 1989Limited Service Retail
    110217794Hebron-Patz Branch800 Country Square Plaza, Hebron, IN 46341June 01, 1990Full Service Brick and Mortar
    112217857La Crosse Branch218 North Washington Street, La Crosse, IN 46348June 05, 1997Full Service Brick and Mortar
    113217858Westville Branch501 North Flynn Road, Westville, IN 46391June 22, 1998Full Service Brick and Mortar
    115361105Laporte West Branch2044 W. St. Rd. 2, La Porte, IN 46350January 02, 2001Full Service Brick and Mortar
    116432108Frostop Branch2904 John Howell Drive, Valparaiso, IN 46383June 29, 2004Full Service Brick and Mortar
  • 8 Michigan Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    58219441Dowagiac Branch223 South Front Street, Dowagiac, MI 49047October 28, 1996Full Service Brick and Mortar
    60219443St Joseph Hilltop Branch1600 Hilltop Road, St. Joseph, MI 49085August 05, 1997Full Service Brick and Mortar
    63219446Niles Branch306 East Main Street Suite 100, Niles, MI 49120July 18, 1996Full Service Brick and Mortar
    68219451Niles-Martins Branch720 South 11th Street, Niles, MI 49120May 05, 1999Full Service Retail
    88206920St Joseph Lakeshore Branch4009 Red Arrow Highway, Saint Joseph, MI 49085December 03, 1973Full Service Brick and Mortar
    89206923St Joseph Downtown Branch715 Ship Street, St. Joseph, MI 49085November 14, 1988Full Service Brick and Mortar
    93433250Stevensville Martins Branch5639 Cleveland Avenue, Stevensville, MI 49127November 08, 2004Full Service Retail
    100466414Kalamazoo Crosstown Branch555 W. Crosstown Parkway, Suite 100, Kalamazoo, MI 49008November 01, 2006Full Service Brick and Mortar

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